Franklin Templeton

Raises number of holdings

Franklin Templeton UK Mid Cap fund manager Paul Spencer has sold some of the portfolio's longest-held positions after taking advantage of the post-election UK equity rally.

Mark Mobius has stepped back from his role as lead manager of the Templeton Emerging Markets investment trust after 26 years, to be replaced by Carlos Hardenberg.

Franklin Templeton's Grant Bowers has suggested some US biotechnology companies verge on looking like "value stocks" despite the fierce rally enjoyed by the sector over the past half-decade.

Election fever, US house prices and reviving Indian industry

Lawrence Gosling with Franklin Templeton Investments' portfolio manager Toby Hayes

Lawrence Gosling with portfolio manager Toby Hayes

Lawrence Gosling with Franklin Templeton Investments' portfolio manager Toby Hayes